Word: stockholm
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...confining are socialist Sweden's soak-the-rich laws that trying to make it big in business is about as difficult as trying to hit a home run inside a telephone booth. Yet it can be done. The most dramatic proof is Anders Wall, 45, president of Stockholm-based Beijerinvest and the fastest-rising star in the Swedish corporate world. During the past decade, Wall, through a shrewdly calculated program of acquisitions, has built his company from a small trading firm into a conglomerate embracing 50 trading and manufacturing concerns that turn out goods as diverse as beer, rolling...
...which at current market prices are worth about $3.6 million. In marked contrast to the stereotype of the dour Swede, Wall is a chipper, handsome, nattily dressed man who favors loud ties and modern art. A striking transparent torso of a woman stuffed with American $1 bills adorns his Stockholm office. Wall's key strength as an executive-a virtue that pleases even Sweden's socialists-is his almost uncanny ability to spot the flaws in ailing firms and then transform the companies into profitable ventures. Supremely confident, he has no problem living with his success...
Wall has reason for satisfaction. When he was 16, his father died, and Wall, while attending high school, went to work in a brick factory, hustled subscriptions for the local newspaper and later sold real estate. At 20 he enrolled in Stockholm's School of Economics, where he caught the eye of Kjell Beijer, Beijerinvest's owner, who hired him part time. Wall joined the company in 1958, and in 1964 was given chief responsibility for the firm's operations. Immediately he set out to expand the company, selling off deadwood and using the money...
...past there have also been walkouts and bannings; Italy and France pulled out of the fencing in the 1912 Stockholm Games after a dispute over the rules. In 1956 Egypt, Iraq and Lebanon did not compete because of the Suez crisis. In the 1920 Antwerp Games and the 1948 London Games, the loser nations from the world wars were barred. Following the Bolshevik Revolution, the Soviet Union stayed out of Olympic competition until the 1952 Helsinki Games. But never before have strictly pragmatic political considerations, as in the case of Canada v. Taiwan, been thrust upon the Games...
...past two weeks makes the mark seem possible. Walker has been preparing for Montreal by competing ferociously in Europe. On a windy day in Oslo, he broke Michel Jazy's 2,000-meter world record by nearly five seconds (the new mark: 4:51.4). Five days later in Stockholm, he won the 1,500 meters in 3:34.2, surpassing Bayi's 3:34.8 as the year's best. What makes Walker so good? Says he: "I attribute 70% of my ability to inheritance. My father was a champion cyclist, excellent runner and good tennis player." The rest...